Navigation Links
Zebra Technologies Enters Into Revolving Credit Agreement to Support Company Growth
Date:8/15/2008

VERNON HILLS, Ill., Aug. 15 /PRNewswire-FirstCall/ -- Zebra Technologies Corporation (Nasdaq: ZBRA) today announced that it has entered into a five-year, $100 million revolving credit facility. Zebra will be able to draw upon the credit facility for working capital and general corporate purposes, including stock buybacks and acquisitions. The revolving credit facility has a $100 million accordion feature that allows the company to increase the facility up to a total of $200 million subject to obtaining commitments for the incremental capacity from existing or new lenders.

"We put the credit facility in place to provide financing flexibility," stated Michael Smiley, Zebra's chief financial officer. "Zebra's ability to secure credit on favorable terms in this uncertain financial market environment is a testament to the strength of the company's balance sheet, cash flows and growth prospects."

The lead arranger and book runner for the new credit facility is J.P. Morgan Securities Inc., with Northern Trust Co. as the syndication agent, Bank of America, N.A. as the documentation agent and JPMorgan Chase Bank, N.A. as the administration agent. Also included in the facility allocation are Wells Fargo Bank, N.A. and RBS Citizens, N.A.

Zebra Technologies Corporation helps companies identify, locate and track assets, transactions and people with on-demand specialty digital printing and automatic identification solutions. In more than 100 countries around the world, more than 90 percent of Fortune 500 companies use innovative and reliable Zebra printers, supplies, RFID products and software to increase productivity, improve quality, lower costs, and deliver better customer service. Information about Zebra and Zebra-brand products can be found at http://www.zebra.com.

CONTACT:

Investors: Financial Media:

Douglas A. Fox, CFA Tim Dreyer

VP, Investor Relations Manager, Public Relations

+1 847 793 6735 +1 847 793 5677

dfox@zebra.com tdreyer@zebra.com


'/>"/>
SOURCE Zebra Technologies Corporation
Copyright©2008 PR Newswire.
All rights reserved

Related biology news :

1. Deadly genetic disease prevented before birth in zebrafish
2. A screening strategy using zebrafish targets genes that protect against hearing loss
3. New map outlines risk of zebra mussel invasion
4. New national map shows relative risk for zebra and quagga mussel invasion
5. Study shows how the zebrafish gets his stripe
6. Zebrafish to shed light on human mitochondrial diseases
7. Integrated Fuel Technologies gets worldwide license for Argonne-developed Diesel DeNOx Catalyst
8. Pitt faculty receive awards to explore next-generation technologies
9. OSU technologies funded for development
10. CrimeCog Technologies Unveils Enhanced JMS Module of E*JUSTICE SYSTEMS(TM)
11. Oberthur Technologies XPon Offer
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/24/2017)... 24, 2017 The Controller General of Immigration from ... Abdulla Algeen have received the prestigious international IAIR Award for the ... Continue Reading ... ... Controller Abdulla Algeen (small picture on the right) have received the IAIR ...
(Date:3/23/2017)... report "Gesture Recognition and Touchless Sensing Market by Technology (Touch-based and Touchless), Product ... by MarketsandMarkets, the market is expected to be worth USD 18.98 billion by ... Continue Reading ... ...      (Logo: http://photos.prnewswire.com/prnh/20160303/792302) ...
(Date:3/22/2017)... 2017   Neurotechnology , a provider of ... announced the release of the SentiVeillance 6.0 ... facial recognition using up to 10 surveillance, security ... The new version uses deep neural-network-based facial detection ... utilizes a Graphing Processing Unit (GPU) for enhanced ...
Breaking Biology News(10 mins):
(Date:4/27/2017)... ... April 27, 2017 , ... This month Quorum ... solution that simplifies research studies, accelerates study startup, and improves participant engagement. Developed ... is the first and only IRB-integrated eConsent solution . , “Our mission ...
(Date:4/27/2017)... (PRWEB) , ... April 27, 2017 , ... ... a practicing internist, who will review how testing for 1,25-Dihydroxyvitamin D can enhance ... ordering of 25-OH-vitamin D and 1,25 dihydroxyvitamin D. , Dr. Gregory Plotnikoff, senior ...
(Date:4/27/2017)... ... April 27, 2017 , ... ... name change to Fluence Analytics. , Fluence Analytics provides proprietary hardware ... biopharmaceutical manufacturing processes and R&D applications. The company’s patented technologies improve production ...
(Date:4/27/2017)... (PRWEB) , ... April 27, 2017 , ... ... the 2017 Borlaug CAST Communication Award goes to Jayson Lusk, a consummate communicator ... forms of media to advocate for science, as he explains how innovation and ...
Breaking Biology Technology: